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Search Results 0 to 6 of about 7 (some duplicates have been removed)
Nov 29, 2012 4:00am PST
of it. unless we deal with medicare and social security which are the two big tidal waves coming at us and now the president's health care law. until we deal with that, there is no way to get our financial house back in order. i agree with the president. we need to focus on jobs, growth and get more people working. that's the way to increase revenue. >> the president talks about spending cuts. perhaps that's where you can see eye to eye with him. let me point to this abc news, washington post poll. the question was about raising taxes on incomes over $250,000 per year. you can see the numbers. 60% support which is in contrast with what the majority of your party is saying. are americans wrong? >> well, the american people know their mind. they say, let's tax somebody else. if those taxes are going to small businesses creating jobs, we need to bet more people working. the other poll said people believe if they send more in taxes the government will spend it, much of it will be wasted and the dollar figures are so large it's hard to fathom the debt we have. it's $16 trillion. it's an inc
Dec 3, 2012 4:00am PST
billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. republicans have indicated that they want to raise revenue by lowering tax deductions, haven't given any specifics yet. brings us right to white house correspondent brianna keilar. good morning, brianna. >> good morning to you, soledad. yes, things are at an impasse here. i will tell you the white house after not being very happy with the pace of negotiations the week before last sent treasury secretary tim geithner up to the hill to outline this proposal. there's a lot we already knew about that president obama had already taken a public position on. the white house is now saying to republicans as well, we want you to put the meat on the bones when it comes to the entitlement reform portion of this deficit reduction plan. that's politically very tricky, as you know, because a lot of times dealing with entitlements will be construed as cuts to medicare and that's often not very popular. as you can imagine that deal that you just outlined
Dec 4, 2012 4:00am PST
's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next half hour, we'll talk about the prospect for a fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flood
Nov 30, 2012 4:00am PST
medicare, that's what's on the table from the white house. they believe that's not enough. they want to see the cuts go much further. democrats say, hey, you asked for cuts you want to see. here are some, why don't you give us a number, as well. so that's where we stand right now. i've got to tell you that you've got to believe that some of this is posturing. you know, part of the message war. it's not uncommon to see these deals seem to fall apart before they get put all back together again. certainly time is running out. >> time is awasting here. you mentioned john boehner criticized the president for what he called a victory lap. the president is launching a road show today. he's going to pennsylvania to make his case for his version of resolving the fiscal cliff. what does he intend to say and how does he intend to sell it? >> he's going to pennsylvania, a toymaker to try to drive home this idea of pushing for cuts for the middle class. there's already a senate tax bill that would preserve the tax cuts for the middle-class, something that he believes everyone agrees on. certainly republ
Dec 6, 2012 4:00am PST
'll find -- cut programs somewhere. meanwhile, we'll be very specific about cutting medicare and social security. that's an extremely unacceptable response to the president's initial proposal and quite frankly, it's not acceptable that this game of chicken continue right on down the road. the needs will be very specific in negotiations, if they need to keep them very private and contained for a while, to get the details, so be tit, but action is required. >> the game of chicken is being on played both sides, isn't it? the president's side and the republican's as well? >> the president has laid out a very clear proposal, consistent with his campaign, that it's time to end the bonus breaks for the best off. recognize that if you're very wealthy in america, you would get all the breaks that anyone would get up to $250,000. >> i get it, taxes is a sticking point, but the spending is also a problem, and both sides are playing chicken. democrats are not so willing to cut spending and republicans say they're not going to raise taxes for anybody. that's a sticking point with nine days to go. >>
Dec 5, 2012 4:00am PST
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Search Results 0 to 6 of about 7 (some duplicates have been removed)